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Goodyear Tire & Rubber Co (NAS:GT)
Days Payable
63.37 (As of Mar. 2014)

Goodyear Tire & Rubber Co's payable for the three months ended in Mar. 2014 was $3,112 Mil. Goodyear Tire & Rubber Co's revenue for the three months ended in Mar. 2014 was $4,469 Mil. Hence, Goodyear Tire & Rubber Co's days payable for the three months ended in Mar. 2014 was 63.37.

Goodyear Tire & Rubber Co's days payable increased from Mar. 2013 (60.34) to Mar. 2014 (63.37). It may suggest that Goodyear Tire & Rubber Co delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Goodyear Tire & Rubber Co's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=3097/19540*365
=57.85

Goodyear Tire & Rubber Co's Days Payable for the quarter that ended in Mar. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=3112/4469*91
=63.37

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Goodyear Tire & Rubber Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 39.1839.1137.8648.6447.3751.0160.2258.8156.0457.85

Goodyear Tire & Rubber Co Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 58.7358.7358.7354.3958.1460.3459.7456.1158.8263.37
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